Cisco Systems Q1 Adj. EPS $1.40 Beats $1.33 Estimate, Sales $18.517B Beat $18.135B Estimate

Cisco Systems (NASDAQ:CSCO) reported quarterly earnings of $1.40 per share which beat the analyst consensus estimate of $1.33 by 5.26 percent. This is a 40 percent increase over earnings of $1.00 per share from the same period last year. The company reported quarterly sales of $18.517 billion which beat the analyst consensus estimate of $18.135 billion by 2.11 percent. This is a 24.42 percent increase over sales of $14.883 billion the same period last year.